Onestream, Inc. President Sells 280,000 Shares

On December 13th, Craig Colby, the President of Onestream, Inc. (NASDAQ:OS), executed the sale of 280,000 shares of the company's stock. This transaction was made at an average price of $29.71 per share, resulting in a total value of approximately $8,318,800.00. The details of this transaction were filed with the Securities and Exchange Commission (SEC), making them publicly accessible.

Onestream Stock Performance

Onstream's stock opened at $29.71 on Wednesday, showing a slight increase of 1.3%. The company's stock has experienced fluctuations over recent months, with a 50-day moving average hovering around $30.82. In terms of yearly performance, Onestream has a 52-week low of $24.50 and a high of $35.39, indicating variability in its market value.

Recent Analyst Ratings

Onestream has garnered attention from various analysts, leading to some recent changes in price targets. Notably, Morgan Stanley raised their target on Onestream shares from $35.00 to $37.00 while maintaining an "equal weight" rating as stated in their report on November 12th. Similarly, Scotiabank increased their price target from $34.00 to $35.00, assigning a "sector outperform" rating.

The Goldman Sachs Group began coverage on Onestream on December 11th, issuing a "buy" rating and a $37.00 target price. Furthermore, BMO Capital Markets also initiated coverage, giving Onestream an "outperform" rating with a price objective of $38.00. As of now, a combination of ratings from various analysts includes two hold ratings, fifteen buy ratings, and one strong buy rating. According to market data, the average rating for Onestream is classified as a "Moderate Buy" with an average target price of $35.59.

Investment Trends and Hedge Fund Activity

In recent months, several hedge funds have adjusted their stakes in Onestream. For instance, First Horizon Advisors acquired a new position valued around $27,000 in the third quarter. Similarly, Point72 Asset Management purchased shares worth about $77,000, while RiverPark Advisors invested approximately $92,000. Other funds, including HighTower Advisors and Y Intercept Hong Kong Ltd, have made significant acquisitions in Onestream shares as well.

About Onestream, Inc.

Onestream, Inc. specializes in developing software solutions for corporate performance management, focusing on financial statement consolidation, planning, and budgeting. Its services aim to automate financial processes and enhance the complexity management of financial reporting and consolidation.

Onestream, Shares, Stock, Sale, Analyst